Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

From a technical perspective, GNK ripped higher here and broke out above some near-term overhead resistance at $1.85 with above-average volume. This move is quickly pushing shares of GNK within range of triggering a near-term breakout trade. That trade will hit if GNK manages to take out some near-term overhead resistance at $2.07 to $2.12 with high volume.

Traders should now look for long-biased trades in GNK as long as it's trending above $1.75, and then once it sustains a move or close above those breakout levels with volume that hits near or above 936,608 shares. If that breakout hits soon, then GNK will set up to re-test or possibly take out its 200-day moving average at $2.62. Any high-volume move above $2.62 will then give GNK a chance to trend north of $3.

Keep in mind that GNK is set to report earnings on July 31 after the market close, so look to play that breakout ahead of the quarter or after if the stock acts positively to the numbers.

Safe Bulkers

Safe Bulkers (SB) is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the consumers of marine drybulk transportation services. This stock closed up 2.5% to $5.24 in Thursday's trading session.

From a technical perspective, SB spiked higher here back above its 50-day moving average at $5.19 with above-average volume. This move is quickly pushing shares of SB within range of triggering a major breakout trade. That trade will hit if SB manages to take out some near-term overhead resistance levels at $5.44 to $5.75 with high volume.

Traders should now look for long-biased trades in SB as long as it's trending above some near-term support at $4.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 202,965 shares. If that breakout hits soon, then SB will set up to re-test or possibly take out its 52-week high at $6.66.

From a technical perspective, TNP soared higher here and broke out above some near-term overhead resistance levels at $5 to $5.03 with above-average volume. This move is quickly pushing shares of TNP within range of triggering a near-term breakout trade. That trade will hit if TNP manages to take out some near-term overhead resistance at $5.21 with high volume.

Traders should now look for long-biased trades in TNP as long as it's trending above some near-term support at $4.80 or above its 50-day at $4.52 and then once it sustains a move or close above $5.21 with volume that hits near or above 256,557 shares. If that breakout triggers soon, then TNP will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to $6.19. Any high-volume move above $6.19 to $6.29 will then put $6.50 to $7.50 into range for shares of TNP.

From a technical perspective, BALT spiked modestly higher here right above its 50-day moving average at $3.66 with lighter-than-average volume. This move is quickly pushing shares of BALT within range of triggering a major breakout trade. That trade will hit if BALT manages to take out some near-term overhead resistance levels at $3.87 to $3.97 and then once it takes out more resistance at $4.10 with high volume.

Traders should now look for long-biased trades in BALT as long as it's trending above its 50-day at $3.66, and then once it sustains a move or close above those breakout levels with volume that hits near or above 153,476 shares. If that breakout triggers soon, then BALT will set up to re-test or possibly take out its 52-week high at $4.38. Any high-volume move above its 50-day will then give BALT a chance to trend north of $5.

Keep in mind that BALT is set to report earnings on July 31 after the market close. If this stock breaks out ahead of earnings, I would target a move to $4.38. If we get a positive reaction to earnings, then look for that move north of $5.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.